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The balance sheet for Campbell Corporation follows: Current assets $ 235,000 Long-term assets (net) 759,000 Total assets $ 994,000 Current liabilities $ 149,000 Long-term liabilities

The balance sheet for Campbell Corporation follows:

Current assets $ 235,000
Long-term assets (net) 759,000
Total assets $ 994,000
Current liabilities $ 149,000
Long-term liabilities 454,000
Total liabilities 603,000
Common stock and retained earnings 391,000
Total liabilities and stockholders equity $ 994,000

Required

Compute the following. (Round "Ratios" to 1 decimal place.)

Working capital
Current ratio
Debt to assets ratio %
Debt to equity ratio

The following data come from the financial records of Solomon Corporation for 2018:

Sales $ 845,000
Interest expense 4,300
Income tax expense 29,000
Net income 24,000

Required

How many times was interest earned in 2018? (Round your answer to 2 decimal places.)

Selected data from Benson Company follow:

Balance Sheets As of December 31
2018 2017
Accounts receivable $ 406,000 $ 380,000
Allowance for doubtful accounts (20,300 ) (15,200 )
Net accounts receivable $ 385,700 $ 364,800
Inventories, lower of cost or market $ 484,500 $ 443,000
Income Statement For the Years Ended December 31
2018 2017
Net credit sales $ 2,007,000 $ 1,759,000
Net cash sales 401,000 300,000
Net sales 2,408,000 2,059,000
Cost of goods sold 1,608,000 1,432,000
Selling, general, and administrative expenses 239,800 214,800
Other expenses 40,400 23,600
Total operating expenses $ 1,888,200 $ 1,670,400

Required

Compute the accounts receivable turnover for 2018.

Compute the inventory turnover for 2018.

Compute the net margin for 2017.

(For all requirements, round your answers to 2 decimal places.)

a. Accounts receivable turnover times
b. Inventory turnover times
c. Net margin %

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